Markets.com review – Trading Platform, App and Demo Account Details

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Markets.com

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Var £100

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Markets.com are a leading broker, offering CFD and Forex trading, via their bespoke trading platform. Operating in 15 languages with clients in over 100 countries, and with an unparalleled asset list, they are one of the fastest growing brokers online. The brand is a subsidiary of Playtech, a company listed on the London Stock Exchange, forming part of the FTSE 250.

Markets.com is operated by Safecap Investments Limited, a regulated investment services firm authorised by CySEC (under license no. 092/08).

Signing up takes just two items – an email address and a password. Traders then get access to a demo account with a £100,000 virtual balance.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
73% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Here are some of the key details about the Markets.com brand;

  • Demo Account – Yes. Available instantly on sign-up.
  • Minimum Deposit – £100
  • Minimum trade – £1
  • Signals service – No.
  • Offer details – No current deposit bonus. The £25 offer has now ended.
  • Mobile App – Yes. See more detail below.

Trading Platform

As a CFD broker, Markets.com delivers a trading platform which goes way beyond that of a conventional binary options website. It represents a “step up” from binary options platforms, providing leverage and charting options only available at more established CFD brokers.

The feature rich platform does mean an additional layer of complexity, and the management of risk is not as straight forward as with traditional binary options. That said, the trading platform presents trades clearly, and traders can see exactly what leverage they are taking on – and configure it appropriately.

The first step traders complete is to find their desired asset. There is a handy search function, or traders can select a category of asset (Bonds, Currencies, Stock, Commodities and Indices) and filter it further via sub-choices, such as ‘major’ or ‘minor’ for currency pairs, or alphabetic grouping for stocks.

Once the desired asset has been found, selecting it brings up the price graph on the right hand side (there is also a star icon, which, once highlighted, adds that asset to the user’s ‘favourites’ for another short cut to regularly traded assets). The charting is a real strength at Markets.com – traders can perform a huge range of analysis using the advanced charts. Here is a sample of just some of the features;

  • Scale the charts over any time frame from 1 minute intervals, to 1 month – and expand the time frame that the chart covers.
  • Overlay Technical analysis – Switch on Bollinger bands, or moving averages etc – but crucially, Markets.com give the user the ability to configure the analysis to their own needs. They can set their own moving average time frames – or any other settings (See the screen shot for an example within the MACD feature). The choice of tools is very, very impressive.
  • Configure the appearance – Set the background and colours as required, and turn on, or off, different features such as trade volume or the grid.
  • Annotate by hand – Add bespoke trend lines, channels or support and resistance lines as required.

Some brokers provide a very basic chart and almost assume their traders will have done their research elsewhere – not so at Markets.com – they provide some of the best charting and research resources we have seen.

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To open a position, traders select the ‘Buy‘ or ‘Sell‘ buttons above the graph. This will open a new window where the exact figures of the trade can be entered. This includes the level of investment, the leverage, plus any stop loss or take profit figures that the trader wants to apply. The total value of the security is displayed, just above the ‘required margin‘ – this is where traders need to manage their risk and liabilities.

Clicking the ‘Confirm Order’ button will rubber stamp the deal and a popup will appear confirming the order is placed. At this point, the trade will be visible in the ‘Open Positions’ tab – but the detail will also be visible on the asset itself (details of the trade, including the live position, are shown beneath the relevant asset in the asset list) and also in the account overview table, in the bottom left of the trading area.

At any point an open position can be edited or closed. The Edit and Close buttons are available alongside the asset in the menu on the left. Clicking either will allow a trader to amend the stop loss or take profit levels, or close the trade. A live ‘Profit/Loss’ tally informs the trader how that particular trade is performing.

There is also on overall account window. This displays the consolidated position of the account as a whole, including a balance which includes all open trades.

Trader choice

Markets.com offer an extensive range of assets. As a Forex and CFD broker, they offer trading on commodities, stocks, forex and indices – and in addition, they also offer trading on bonds. The search facility makes finding the required asset very easy. Frequently traded assets can be added to a ‘favourites’ list for quick access.

Binary options traders may be used to having different types of option available, but at Markets.com, as a CFD broker, they only offer trading via the ‘spreads’. One other note on the trading choice, is that the stock list at Markets.com is dominated by US firms, with not so much attention given to FTSE 100 stocks.

Mobile App

Markets.com provide a free mobile trading app. Applications have been written for both iOS (version 6.0 or later required) and android (version 4.0 and up). Both are very well established with a large number of downloads. Users have rated them at 4 out of 5 for iOS and 3.8 out of 5 for the android version.

The application reflects the trading platform at the full site. The full range of assets are available via mobile and the trading mechanism is the same. The display is clear but still displays all the relevant detail and the power of the charting tools remain – though a full screen is desirable for that kind of analysis. The asset search facility remains, and the trade confirmation screen is the same – allowing full use of stop losses and take profit options.

Payouts

Markets.com offer very competitive spreads and zero commission. Spreads are generally very tight, particularly on the frequently traded assets that attract high volume. Leverage can magnify profits and losses, making comparison to binary options payouts irrelevant. Markets.com margins compare favourably with their CFD and Spread betting rivals.

Withdrawal and deposit options

Markets.com accept deposits via all the major sources; wire bank transfer, credit cards, e-wallets (such as Skrill and Neteller) and debit cards. Making a deposit is a swift process and those deposits are commission free, there are no fees.

Any withdrawals are made back to the same method as the original deposit. Again, there are no fees for withdrawals and they can be made at any point. Traders funds are segregated from the business funds, as per regulation guidelines.

Other Features

Markets.com Training

Markets.com offer their clients a range of training and benefits:

  • Risk Management – Markets.com offer risk management tutorials, as well as additional tools such as the Entry Limit, Stop Loss and Take Profit functions.
  • eBook Library
  • Live Webinars
  • Huge range of Assets – Including CFDs on Bonds
  • Real Time Analytics – Up to date charting and analytics, over a range of timescales.

CFDs carry risk.73% of traders lose.

Markets.com Review and Tutorial 2020

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Markets.com Facts & Figures

Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.

Awards
• Runner Up – Best Forex Broker 2020 – DayTrading.com

Trade 5 different cryptocurrencies via Markets.com feature rich platform. Leverage capped at 1:2 for EU traders.

Instruments CFD, Forex, Crypto, Stocks
Demo Account Yes
Min. Deposit $100
Min. Trade $2
Regulated By Safecap regulated by FSB, CySec
MT4 Integration Yes
Mobile Apps iOS, Android
Auto Trading No
Trade Signals No
Islamic Account Yes
CFD
FTSE Spread 1.2 pts
GBPUSD Spread 2 pips
Oil Spread 4 pips
Stocks Spread 0.1% Var
Forex
GBPUSD Spread 2 pips
EURUSD Spread 2 pips
EURGBP Spread 2.5 pips
Assets 50+
Cryptocurrency
Spread BTC 0.85%, ETH 2.95%
Coins BCH, DASH, ETH, LTC, XRP

Markets.com is the brand of online broker, Safecap. Offering trading in Forex, CFDs, Stocks, indices and ETFs. The brand offers a choice of trading platforms and a wide range of instruments while retaining regulation in numerous jurisdictions. This review of Markets.com will cover both the benefits and the drawbacks, including trading fees, mobile apps and demo accounts, before concluding with a final verdict.

Markets.com History

Safecap’s Markets.com came to life in 2006 and became regulated as a forex brand in 2008. In a relatively short space of time, the broker has built a dependable reputation. However, part of their expansion has been helped by a number of high profile trading partners.

The CEO and head office have also worked hard to offer innovative technology and top class customer service. As a result, Markets.com has won a number of prestigious awards, including:

  • Best Broker in Customer Service Europe 2020 (Global Banking & Finance Review)
  • Best Customer Service 2020 (London Investor Show Forex)
  • Forex Provider of the Year 2020 (UK Forex Awards)
  • Best Forex Trading Platform 2020 (UK Forex Awards)

Markets.com has a straightforward corporate structure. The brand is owned and run by SafeCap Investments Limited, who are the broker. SafeCap is then an indirect subsidiary of Playtech PLC which is traded on the London Stock Exchange.

Markets & Instruments

Markets.com delivers a very broad range of assets and markets to be traded:

  • Shares – You have access to over 2000 shares in more than 12 markets, with a maximum leverage of 1:5.
  • Forex – There is free access to over 50 currency pairs, including all majors, minors and exotics. Many of which are available 24/7, while spreads go as low as 2 pips with a leverage of up to 1:30. Leverage varies by asset and regulatory region.
  • Cryptocurrency – You have 12 different crypto pairs to choose from, featuring Bitcoin, Litecoin, Ethereum and Ripple. Maximum leverage is 1:2 for these more volatile markets.
  • Indices – Users have access to over 25 major global indices from 40 countries, with leverage of up to 1:20.
  • ETFs – There are over 1900 assets available with in excess of 30 ETFs to enter trades with. Maximum leverage is 1:10.
  • Commodities – You have access to over 15 commodities and up to 1:10 leverage.

Note Markets.com does not offer spread betting or binary options.

Minimum Initial Deposit

The minimum deposit amount to trade is $100. This is a relatively low minimum deposit, making Markets.com an attractive proposition for new traders with limited capital.

Commissions & Spreads

Markets.com does not charge trading fees or commissions. Instead, everything is covered in the spread. As a result, spreads are relatively high in comparison with competitors. Having said that, some brokers will charge a commission as well.

Leverage

Markets.com does offer leveraged trading. The amount of leverage offered to EU traders was severely limited during the summer of 2020 by the European Securities and Markets Authority (ESMA). Leverage allows traders to open positions with a value in excess of their account balance. This however, does increase the risk and reward in each trade, and as such, the European regulator decided to limit the amount of leverage available to retail traders. Professional traders can still request and arrange higher leverage.

Markets.com also offer negative balance protection, meaning you cannot lose more than your initial deposit. This also means however, that traders must keep a healthy balance in their account, or trades may be closed if prices move against them. Stop losses are another valuable way to manage risk.

Note maximum leverage will depend on your account type and instrument. Cryptocurrencies will generally have low levels of leverage, whereas more liquid and less volatile assets such as popular forex pairs, can see leverage of up to 30:1.

Other Trading Fees

There aren’t too many costs to be aware of when trading with Markets.com. You will have to pay an overnight rollover fee if you’re trading with CFDs. There are also inactivity fees where an account is unused for considerable time – full terms and conditions are on the website.

Markets.com Trading Platforms

Markets.com offers its own proprietary trading platform. Trader feedback is mostly positive. The platform is web-based and easily accessible if you have an internet connection. The user interface is simple and clean, while still offering advanced charting and technical analysis tools. In fact, the platform also comes with a range of technical indicators to enhance chart analysis.

A unique feature of the platform is the trading cubes. This allows you to view numerous instruments at once, helping to streamline the trading process.

On top of a range of forex signals and everything you need for Fibonacci trading or scalping techniques, you also get a real-time news feed. This ensures you can monitor and react to the markets with ease.

The platform has several main sections:

  • The header includes some non-trading functions, such as depositing funds, settings and access to customer support.
  • Under the header, you can alter the view of the main panel via a menu list.
  • The main panel is broken down into three sections: The left side is further divided into two sections. At the top, you can view tradable assets, while the bottom displays your account balance. The middle and largest section displays a chart of the asset you wish to trade. On the right side is your news bar.

Head over to the official website for video tutorials on how it all works and getting the most out of your platform.

MetaTrader 4 & 5

Markets.com users also have the option of the industry standard MetaTrader 5 (MT5) system. The download for MT5 is available for Mac and PC users. Once you have your MetaTrader login details you will have access to a powerful platform that offers advanced charts and in-depth analysis. You also have a long list of custom indicators at your disposal.

On top of that, you get sophisticated real-time trading tools and rapid execution speeds. The MetaTrader system is also easy to set up and there is a wealth of resources online to support you.

Note Markets.com also offer the MetaTrader 4 (MT4) platform on request.

Mobile Apps

Mobile trading app reviews are mostly positive. Firstly, there are apps for Android and iOS users. The app download is quick is and on-boarding takes just a few minutes once you have your mobile login details. You still get access to the diverse product list, allowing you to speculate on everything from oil to penny stocks.

Both iOS and APK apps are also powerful and packed full of charts and technical analysis tools. You also have numerous risk management features, including:

  • Stop loss
  • Take profit
  • Entry limit
  • Entry stop

Overall, the app is good, promising a straightforward transition from the desktop-based applications. However, it’s also worth noting the app doesn’t offer the following tools found on the web platform:

  • There are no alerts
  • You can’t access the news
  • You can’t add indicators to your charts
  • The economic calendar is not available

As a result, those who do a lot of trading from their mobile may want to consider how to replicate those missing elements, if required.

Methods of Payment

Markets.com offer a broad choice of deposit methods and account funding:

  • Major debit & credit cards
  • Bank wire transfer
  • Neteller
  • Skrill
  • PayPal

Note you cannot fund your account with Bitcoin cash.

Withdrawal reviews are also positive as you can use all the same methods. To comply with money laundering laws, withdrawals must first be withdrawn via the same method as the deposit. In addition, there are zero costs for withdrawing funds. However, there are minimum withdrawal requirements:

  • Credit/Debit Card – 10 USD/EUR/GBP
  • Neteller/Skrill – 5 USD/EUR/GBP
  • Wire Transfer – 100 USD/EUR/GBP

Average withdrawal times vary depending on the payment method but are all around the industry norm of within a few business days. Fortunately, this means if the market moves your way and you collect on 80 pips, withdrawing your balance will be quick and easy.

Markets.com Accounts

Part of registration will require choosing between several account options. Thankfully, the account types are straightforward. You have:

  • Real Account – This is the standard live trading account that most users sign up for.
  • Demo Account – The Markets.com practice account is free and available for an unlimited period of time.
  • Swap Free Account – This is an Islamic-friendly account that operates in line with the Islamic Sharia Principle of interest-free trading.

All three account types offer several of the same basic features:

  • Webinars
  • Daily market analysis
  • 24-hour customer support

Demo Account

As mentioned above, Markets.com does offer a free demo account. Funded with simulated money, their practice account is a fantastic opportunity to test drive a platform and explore intraday trading.

Then once you are comfortable with various trading tools and have built an effective strategy, you can open a live trading account. Both demo and live accounts can be open at the same time – this allows for strategies to be trialled and tested alongside real money trading.

Additional Features

Markets.com offers a range of useful additional resources and research materials. Head to the Education section and you can find tips on everything from trading zinc to Bitcoin. Reviews also praise the following services:

  • Market Consensus
  • Trading Central
  • Traders Trends
  • Events & Trade
  • Trending Now

All of the features above can help you learn how to trade, from spotting potential opportunities to conducting in-depth market analysis. Once account verification is complete, you can access most of these tools from within your trading platform.

In addition, there is access to a live news feed. This means instead of leaving the platform and heading for the likes of Bloomberg, you can stay up to date with announcements from within your desktop application.

User reviews of Markets.com did point out, however, that the broker could do more in terms of social trading. There are no chat rooms or forums where traders can exchange ideas and have concepts explained. This is a shame, as such features can be useful, particularly for beginners.

Another area Markets.com falls down in is automated trading. The broker does not have APIs or offer any sort of trading algorithms and EAs.

Regulation & License

With an increase in the number of fake and fraudulent brokers around, finding one you can trust is important. Fortunately, Safecap has regulatory oversight from the Cyprus Securities and Exchange Commission (CySEC). This should put customers from France, Spain and the rest of the Eurozone at ease. Safecap is also regulated by the Financial Services Board (FSB) of South Africa.

As forex reviews demonstrate, their extensive regulation should re-assure users that the Markets.com brand is legitimate and trustworthy.

Benefits

User reviews show Markets.com scores particularly well in several areas, including:

  • Choice – Individuals have a vast range of trading assets and markets available.
  • Platforms – You get a choice of trading platforms, including the proprietary web-based platform.
  • Regulation – Far-reaching regulatory oversight ensures users can trade with confidence from London and Madrid to Gibraltar and Vietnam.
  • Negative balance protection – This useful feature ensures users cannot lose more capital than is in their account. Take Markets.com vs eToro, for example, and you realise the former is one of the limited numbers of brokers that do offer this service.

Drawbacks

There are also some bad Markets.com reviews. Most complaints centre around:

  • No weekend support – Many day traders have to fit their trading around other commitments. But unfortunately, should there be a problem, weekend traders will not have access to any phone support.
  • Complex navigation – Ease of use is one complaint. Navigating across the Markets.com system is unnecessarily fiddly and detracts from the overall user experience. Brands such as AvaTrade and Plus500 may score better here.
  • Accessibility – Markets.com has opened its doors to traders from many countries, including the UK and most nations within the Eurozone. However, you cannot open an account if you are a citizen of the US, Canada, Australia, Belgium, Japan or India. Reviews will continue to improve, however, as the online broker opens its doors to more nations.

Markets.com Trading Hours

Markets.com opening and trading hours are fairly industry standard. For example, all major FX pairs will be available from Sunday 22:05 GMT through until 21:55 Friday GMT.

Note Markets.com will be closed for trading during certain holiday periods. See the official website for a break down of both instrument specific opening times and holiday hours.

Contact & Customer Support

User reviews are quick to praise the extensive customer support on offer. In fact, support is available in over 25 languages, 24/5. You can get in touch via email or live chat. Customer service agents can help you with a whole host of issues, from why your platform’s not working to helping you understand why an order was rejected.

There is also 24/5 phone support for users with funded accounts. Head over to the official website for the telephone number in your location.

In addition, Markets.com offers an extensive support centre and FAQ section where users can find their own answers. There you can find user guides, training videos or even just instructions on how to delete an account.

On top of that, the actual platform itself is available in 15 major languages, including:

Fusion Markets Review and Tutorial 2020

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Fusion Markets Facts & Figures

Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs. Their message is – Stop paying too much to trade

Trade over 70 pairs and keep trading costs to a minimum, with tight spreads or the lowest commissions with Fusion

Instruments CFD, Forex, Crypto
Demo Account Yes
Min. Deposit No Minimum
Min. Trade 0.01 Lots
Regulated By ASIC
MT4 Integration Yes
Mobile Apps iOS and Android
Auto Trading No
Trade Signals No
Islamic Account No
CFD
FTSE Spread 1.56 pts (Ave)
GBPUSD Spread 0.64 (Ave)
Oil Spread 3.1 pips (Ave)
Stocks Spread
Forex
GBPUSD Spread 0.64 (Ave)
EURUSD Spread 0.12 (Ave)
EURGBP Spread 0.62 (Ave)
Assets 70+
Cryptocurrency
Spread BTC 12.5%, ETH 1%
Coins BCH, BTC, ETH, LTC, XRP

Fusion Markets offer “every day low cost trading” to all account types. Our review looks into that promise and also details the platform, deposit and withdrawal options, demo account rules and spread and trading costs. See if trading forex, CFDs and other financial options is cheaper at Fusion.

Based in Melbourne, Fusion Markets was founded by veterans of the Australian forex industry. Its overarching mission is simple: to offer a top-quality trading platform at a significantly lower cost than its competitors.

Rather than being just another broker with a bargain price tag, the company is committed to fundamentally changing the traders’ expectations of what forex trading should be. Determined to offer excellence and economy combined, they provide world-class technology and friendly support to those who use them.

With a commission rate roughly 36 per cent lower than their competitors, we’ve taken a look at whether or not they deliver on their promises.

Company Details

Located in Melbourne, Australia, Fusion Markets is the brainchild of a collection of veteran forex traders. Its founders offer a combined experience of over 50 years, with their stated mission to make trading the markets simpler and more economical.

The company’s ethos is three-pronged: to lower the cost of trading forex, CFDs, and other financial products; to offer friendly support to all traders, irrespective of experience; and to provide cutting-edge technology that delivers a seamless trading experience.

Licensed and regulated by the Australian Securities and Investments Commission (ASIC) as a securities dealer, Fusion Markets is rock solid in terms of safety and security. Applicants for these licences must comply with a strict set of criteria to qualify, including a minimum capital requirement of one million AUD and an agreement to file regular reports allowing for third-party audit.

Offering a wide range of financial instruments, as well as ongoing support and a top-notch platform, they cater to traders of all experience levels and budgets.

Trading Platform

In terms of their trading platform, Fusion Markets’ preference is for MetaTrader 4 (MT4) software. They offer a number of incarnations of this, including:

• MetaTrader 4
• WebTrader for MT4
• MT4 mobile apps

MT4 clearly requires little introduction, given its status as the most popular trading software on the market. Highly praised by traders of all levels, it has exceptionally strong charting, efficient tools, multiple timeframes, and full customisability. Its automated trading bots – or Expert Advisors – are, of course, particularly lauded, and are just one of the reasons that many traders would cite it as their first choice of platform.

In addition, Fusion Markets offer a number of tools to complement these offerings, including a Multi Account Manager for professional traders, and a Virtual Private Server to ensure that trading is never interrupted by connectivity issues.

Assets/Markets

Fusion Markets’ posit that their mission is to make it both easier and cheaper to access the world’s markets, and in order to realise this aim, they provide traders with a number of investment instruments to choose between.

• Forex (70+ currency pairs available)
• Energy (crude oil, Brent oil, and natural gas)
• Precious metals (gold, silver, platinum, palladium, and more)
• Equity indices
• Commodities (coffee, wheat, cocoa, sugar etc.)
• Cryptocurrencies (including bitcoin, dash, ripple, and ethereum).

This ensures that traders are able to adequately diversify their portfolio, and gives them an ample selection of assets to choose between on the basis of both preference and strategy.

Fusion Markets Asset Classes

Spreads And Commission

Fusion Markets prides itself on being the lowest cost trader in the business, and a brief look at its spreads and commissions seems to back this up.

The broker offers minimum spreads of 0.00 on a number of popular currency pairs, including AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, and AUD/USD. Even when we look at their average spreads, we see figures of just 1.01, 0.65, 0.48, 0.92, and 0.22 respectively.

Their commission rates are also notably low. For example, were you to trade one standard lot of forex and precious metals, you would pay only $4.50 AUD to do so. This figure represents Australia’s lowest advertised forex commission – or, on average, 36 per cent cheaper than Fusion’s competitors.

This means that, if you’re looking for a cut-price alternative to most other brokers on the market, they may well be the company you’ve been searching for.

Leverage

Fusion Markets may be a cost-effective option, but plus points of their service do not end there. Seeming to combine excellence and economy, the company has much to recommend it, including very attractive leverage.

As part of their commitment to providing a flexible service, Fusion gives the trader the chance to choose their own leverage, up to a maximum of 500:1.

Mobile apps

One of Fusion Market’s many strengths is its seeming commitment to delivering a flexible service, and this extends to its mobile offerings. Giving traders the chance to choose between mobile and web options, they provide an assortment of MT4 mobile apps.

These allow the individual to trade through their smartphone, with iPhone, Android, and tablet versions available. Free to download, these provide traders with the ability to manage their account, open and close positions, check live pricing, and use a host of analytical tools that are available when trading from a desktop.

The result is a top-quality 21st-century trading experience.

Payment Methods

Fusion offer a range of payment methods – some are region specific, particularly the Asia Pacific region such as Thailand and Malaysia where tailored payment options are available. The popular methods of Visa, Mastercard and of course bank transfer are available across the board. The firm also intend to add more payment methods in the future.

There are no fees on deposits. These have been waived for both credit and debit cards as part of the company’s commitment to keeping costs to a minimum.

Demo Account

As with most reputable brokers, Fusion Markets offers a demo account to allow potential clients to trial their products. Again, there is limited information about this on the company’s website, meaning it’s difficult for potential traders to know what they’re getting without first signing up.

However, what we can say is that this provides individuals with a great opportunity to gain a feel for what the company has to offer, meaning that you won’t need to take the plunge without first testing the waters and reaching an informed decision about your choice of broker.

Bonus Deals And Promotions

Fusion Markets is dedicated to delivering a great overall package, and it has many plus points to recommend it. However, it does tend to rely on the quality of its overall service to sell itself and has little in the way of deals or promotions to offer traders.

Educational and training resources are essentially non-existent, which means you’ll need to pick this knowledge up elsewhere. What is available is white glove support i.e. your own trading specialist to help you navigate the Fusion MT4 Trading Platform.

That said, given the combination of Australia’s lowest advertised forex commissions, the lack of fees on deposits, and that there’s no minimum account size, you’re already saving a significant sum without the need for deals or offers on top of this.

Regulation And Licensing

One area where Fusion Markets most definitely excels is in its strict regulation and licencing. Licenced as a securities dealer with the Australian Securities and Investments Commission, the company is just about as safe as they come. Traders can have full faith in the trustworthiness of the business, knowing that their money is in the most reputable of hands.

This is because ASIC set strict criteria for those applying for a license with them, all of which must be met by successful applicants. These include a minimum capital requirement of one million AUD. In addition, brokers regulated by the body must file regular reports, which are obliged to undergo third-party audits at ASIC’s request.

Like many other top-tier forex brokers, Fusion also offer a high degree of transparency, with everything from their ACN and ABN numbers through to their registration date, registered address, and regulator listed online for anyone who wishes to research their operation a little further.

Additional Features

In terms of their additional features, Fusion Markets has little besides the basics and its bargain price tag to offer. Though these are arguably the most important factors for any good broker, there is some room for improvement in this area, and those who enjoy extras like event calendars, daily financial news blogs, educational resources, and webinars may be disappointed with the scarcity of their offerings.

Account Types

Fusion Market’s overarching goal is at the heart of the way they operate: they want to reduce the cost of online trading. More than this, they wish to make it more accessible, not only in terms of outlay, but by making it simpler for the trader.

That’s why their products are as streamlined as possible. According to the company, trading is difficult enough without the complication of choosing between numerous different account types. That’s why, to make things easier, they offer only two variations for their clients to pick between.

Though these are not named on their website, nor a list of features provided, the company does note that both provide the same access to their products, only with slightly different appearances depending on how you pay to trade.

While some might view this lack of flexibility as a negative, we’d suggest the opposite: that the company wants to provide the same level of service to all of its customers, irrespective of how much they pay.

Fusion Markets MT4 Platform

Benefits

Fusion Markets is a broker with much to recommend it. The list of benefits is long, and foremost among them is undoubtedly the economy of its service. The company demonstrates a genuine commitment to lowering the cost of online trading, and this is apparent in all that it does. Its aim to reduce client expenditure is no empty boast, and there are significant savings to be made for those who choose to trade with them.

There are numerous ways that Fusion achieve this ambition, but two that are worth focusing on here are their forex commissions and the lack of fees they charge. We’ll examine the former first.

When the company say they want to make trading forex more accessible, they mean it, and one of the ways they make this a reality is by offering Australia’s lowest advertised forex commissions. These are, on average, around 36 per cent cheaper than their competitors, which represents a significant saving right off the bat.

In addition, the company have waived fees on both credit and debit cards, which means that you needn’t pay anything in order to make a deposit.

Value For Money

Despite their reasonable rates, however, Fusion Markets do not expect you to sacrifice excellence for economy. They continue to provide a top-tier service, albeit on a budget, and this includes the provision of white glove support for all traders. What this means is that you’ll be assigned a trading specialist from the word go, who will be constantly on hand to help you navigate the Fusion MT4 Trading Platform.

There is also a real degree of flexibility in the company’s offerings, and this is demonstrated both by their rules regarding leverage and the scrapping of a minimum account size. This is a broker that gives you the power to choose how much leverage you desire, with a maximum of up to 500:1 allowed.

On top of this, it’s down to the individual to decide how much they want to start trading with, which means you only ever have to trade an amount you feel entirely comfortable with.

This flexibility extends to the broker’s product offerings, which are extensive. Including an array of investment instruments, from forex through to commodities and cryptocurrencies, these give traders plenty of options to explore, as well as some great opportunities for diversifying their portfolios.

Last but most certainly not least, the company’s ASIC regulation is a huge plus point in its favour. It means that you can have full confidence in the brand to keep your money safe and your details secure and that everything that happens behind the scenes is entirely above board.

Drawbacks

Fusion Markets is a broker that we would have no hesitation in recommending, but that doesn’t mean that there aren’t areas which could be improved. Its website, for one, is short on certain important details, meaning that it can be hard for a would-be client to find the information they require.

Trading account features, for example, and payment methods are not touched upon at all, and it’s a similar case with the company’s demo account. While this review resolves those shortcomings, it is something the firm could improve. Visitors can query the live chat to get further information too.

In addition, the company’s offerings, though strong, are rather basic. What is provided is fantastic value for money, but neither educational nor training resources come as part of the package.

Additional features, such as financial news blogs, event calendars, and webinars are also absent, meaning that all of the information and advantages these might provide would need to be sought elsewhere.

Trading hours

Fusion Markets is open around the clock Monday through to Friday. Session times vary based on the market hours of their products, but these are all clearly listed on the company’s website under their ‘Trading Conditions’ section.

Contact Details/Customer Support

Should you wish to contact Fusion Markets, they can be reached via various mechanisms, all of which are listed below.

222 Exhibition Street

Melbourne VIC 3000

Phone number: +61 3 8376 2706

The company can also be contacted via a live chat feature installed on its website.

Safety And Security

As a fully licensed and regulated securities broker, Fusion Markets takes their clients’ safety and security very seriously. Their website has a collection of essential legal documents present for you to peruse, including a Privacy Policy which states that it has been amended not only in accordance with the Australian Privacy Principles, but in line with European and UK legislation too. This means that your personal data is fully protected.

Overall Verdict

Fusion Markets is a broker with much to recommend it. Offering an array of investment instruments at some of the lowest prices around, their commitment to cutting costs for traders is admirable – and inarguably successful.

Indeed, they offer Australia’s lowest advertised forex commissions, with a rate that is on average 36 per cent cheaper than their competitors. This represents a significant saving, but this is no standard bargain basement option.

Rather, Fusion Market’s overall package is of the very highest calibre. They are a properly regulated outfit and one that offers an incredible degree of flexibility to the individual. Their one notable downside is that additional features are limited, with event calendars, blogs, and so on entirety absent from their website. That said, for individuals in search of a broker that covers all of the basics on a budget, there is no better company out there.

Accepted Countries

Fusion Markets accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Fusion Markets from Ghana, Iran, Iraq, Pakistan, United States, Japan, China, Belgium, New Zealand.

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